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E-MAC DE 2007-I B.V.

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

This notice is made pursuant to the Act on Financial Supervision (Wet op het financieel toezicht) .

If you are in any doubt as to the action you should take, you are recommended to seek your own financial, legal or other advice immediately from your stockbroker, bank manager, solicitor, accountant or other appropriately authorised independent financial adviser.

E-MAC DE 2007-I B.V.
(the "Issuer")

Notice is hereby given with respect to notes of each of the following class(es):

€ 19,50,000 Senior Class A1 Mortgage Backed Notes 2007 due 2054, issue price 100 per cent.

ISIN: XS0322554774

€ 443,300,000 Senior Class A2 Mortgage Backed Notes 2007 due 2054, issue price 100 per cent.

ISIN: XS0322556472

€ 39,100,000 Mezzanine Class B Mortgage Backed Notes 2007 due 2054, issue price 100 per cent.

ISIN: XS0322556985

€ 33,500,000 Junior Class C Mortgage Backed Notes 2007 due 2054, issue price 100 per cent.

ISIN: XS0322557017

€ 13,900,000 Subordinated Class D Mortgage Backed Notes 2007 due 2054, issue price 100 per cent.

ISIN: XS0322557520

€ 8,300,000 Subordinated Class E Mortgage Backed Notes 2007 due 2054, issue price 100 per cent.

ISIN: XS0322557876

( the "Put Option Notes" and each class of Notes, a "Class of Put Option Notes" and together the "Classes of Put Option Notes" and the holders thereof the "Put Option Noteholders" )

Capitalised terms used herein have the meanings defined or construed in the Master Definitions Agreement dated 7 November 2007

Amsterdam, 2 6 September 2014

Pursuant to Condition 6(d)(iv)(1) of the Notes, the Issuer hereby notifies the Put Option Noteholders that in accordance with the Terms and Conditions of the Notes, each of the Put Option Noteholders has the right to exercise the Put Option and to offer to the Issuer any or all Put Option Notes held by it for redemption on the 25^th of November 2014 (the "First Put Date"). The Put Option Notes in respect of which the Put Option is exercised may be redeemed, subject to the Terms and Conditions of the Notes, in particular but not limited to Condition 9 thereof, on the First Put Date.

The Issuer has received a letter from the MPT Provider stating that it will not, and also does not have the financial means to, grant the Servicing Advance loan on or before the First Put Date. Furthermore, the Issuer has reason to doubt that it will succeed in finding any third party which would be willing to purchase Mortgage Receivables or to provide the Servicing Advance loan on or before the First Put Date, at the terms provided for in the relevant documents. Consequently, the Issuer expects not to have sufficient funds available to redeem the Notes which are subject to redemption on the First Put Date.

To exercise the Put Option, the Put Option Noteholder must deliver, at the specified office of the Principal Paying Agent at any time during normal business hours of the Paying Agent by no later than 10 October 2014, a duly completed and signed notice of exercise in the form as required by Euroclear and Clearstream, Luxembourg (the "Put Notice") in which the Put Option Noteholder must specify a bank account to which payment is to be made under Condition 6(d) of the Notes accompanied by the Put Option Note(s) or evidence satisfactory to the Issuer that the relevant Put Option Note is upon delivery of the Put Notice, held to its order or under its control.

In the light of the Issuer’s expectation that it will not have sufficient funds available to redeem the Notes which are subject to redemption on the First Put Date and as to avoid that Notes would unnecessarily be blocked for trading from the moment of exercise of the Put Option by a Put Option Noteholder up to the First Put Date, Put Option Noteholders are hereby informed that the Notes in relation to which a notice of exercise of the Put Option is delivered will not be subject to blocking up to the First Put Date. Noteholders that had intended to exercise the Put Option would the Issuer have been in a position to honour such exercise or who regardless thereof wish to exercise the Put Option, should deliver a notice of exercise.

In accordance with Condition 4(e) of the Notes Deutsche Bank AG, London Branch, in its capacity as Extension Margin Agent has requested a panel of five leading European securitisation underwriters to give quotes for the Extension Margins. The Extension Margin Agent has informed the Issuer that it has not yet obtained any quotes and, as a result, the Extension Margins have not yet been determined. The Issuer and the Security Trustee are currently considering the situation and will give an additional notice in this respect in due course.

The assumed remaining average lives ("r.a.l.") as follows:

Class of Notes	Extension Margin	Assumed r.a.l.
Class A1 Notes	to be determined	6.20 years
Class A2 Notes	to be determined	6.20 years
Class B Notes	to be determined	9.44 years
Class C Notes	to be determined	9.88 years
Class D Notes	to be determined	12.13 years
Class E Notes	to be determined	12.75 years